Financial Services briefs

National Australia Bank subsidiaries Clydesdale and Yorkshire banks have undercharged some mortgage customers for several years, according to The Guardian. A spokesman said the banks did not intend to write off the total outstanding, noting that while the Financial Ombudsman had found in favour of some customers, the lender would continue to deal with each case on its merits. The banks will offer various solutions to any financial difficulties caused by the repayment of shortfalls. Staff reporter

Shareholders in
Treasury Group
voted against the election of Jack Jacoby as a director, with only 17.5 per cent in favour of his appointment. Chairman Michael Fitzpatrick was re-elected with an 89.7 per cent vote while nearly 88 per cent of shareholders supported the remuneration report. The grant of shares to managing director
Mark Burgess
was supported by 80.7 per cent of shareholders. Staff reporter

Everest Financial
will hold a general meeting on December 13 at Sydney’s InterContinental Hotel. It recently paid $1 million towards a settlement with former investor Joe Ross, with neither admitting liability. Staff reporter

DKN Financial Group
advised that 1,260,000 unlisted options over DKN fully paid ordinary shares with an expiry date of November 10 had lapsed. Staff reporter